Goldman Sachs readies for a third round of lay-offs that will include some partners in the next few weeks after slashing more than 3,000 positions in the last year as investment banking deals drop off. It is CEO David Solomon’s attempts to cut costs as deal-making – the firm’s major revenue source – suffers a drought which has been exacerbated by a higher interest rate environment and fears of recession. He has begun slashing a workforce that ballooned following the pandemic.
Stock traders are the problem. Powell is the solution.
FDR solved the same problem in a different way, giving us 50 years of security and prosperity.
Pray that Powell sticks with his GUTS, and pray that he has good private bodyguards.
One typo: It wasn’t “the pandemic” that ballooned the workforce. Viruses don’t counterfeit money. It was the demonic government that counterfeited the money. The phenomenon we falsely relabel “the pandemic” was just rulers doing what rulers do. Enrich the rich and slaughter the poor.
Polistra's Mill 